New York, NY (PressExposure) October 16, 2009 -- Lloyds Finance Group, a major International Financial Organization, announced today that the Company has completed US $100 Million financing secured by Standby Letter of Credit.
The client is a multi-national corporation with offices in Germany, India, United Kingdom and United States.
The US $100 Million financing will provide the client with initial funding required for its 2010 Business Plans.
The client stated: "We are very grateful that Lloyds Finance Group has been able to construct a viable method for our liquidity needs at the time when traditional lenders are increasingly cautions in extending financing opportunities. This financing structure will immediately reflect our true valuation and more importantly, provide timely liquidity to our Company".
The US $ 100 Million financing completed by Lloyds Finance Group in this financial climate are indicative of the strength of Lloyds Finance Group and validate our position as one of the leaders in industry.